i. The high powered committee of RBI headed by RBI deputy governor R.Gandhi has recommended conversion of Urban Co-operative Banks into regular banks.

ii. Urban Co-operative banks with business size of 20000 crore are recommended for conversion into regular banks.

iii. Earlier in January a high powered committee on Urban co-operative banks is formed under the chairmanship of RBI deputy Governor R. Gandhi on conversion of Urban Co-operative banks into commercial banks.

Governor of RBI: Raghuram Rajan

5. ASHWANI LOHANI NEW CMD OF AIR INDIA LTD:

i. Air India limited has appointed Ashwani Lohani as its new Chairman and Managing Director.